KTKBANK · price
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Karnataka Bank's Board of Directors has recommended a final dividend of Rs. 5.00 per equity share, which is 50% of the face value of Rs. 10 per share. This dividend is for the financial year ended March 31, 2026. The recommendation is subject to approval from shareholders at the upcoming Annual General Meeting. The Bank has stated that the AGM date, record date for determining eligible shareholders, and the dividend payout date will be announced separately. The Board meeting on May 19, 2026 lasted approximately 8 hours and 40 minutes.
The dividend represents a 50% payout, which is a positive signal for shareholders. However, the actual yield depends on the prevailing stock price, and the record date/payout schedule is yet to be announced.